Using the following information, prepare a statement of owner's equity for the month of October for Mathew's Clinic.

$\begin{array}{lr}
\text { H. Mathew, Capital, on October } 1 & \$ 300,000 \
\text { Additional investment by H. Mathew on October } 18 & 20,000 \
\text { Net loss for the month (from income statement) } & 2,000 \
\text { Total withdrawals for the month } & 5,000
\end{array}$

Question

Using the following information, prepare a statement of owner's equity for the month of October for Mathew's Clinic.
​
 $\begin{array}{lr}
\text { H. Mathew, Capital, on October } 1 & \$ 300,000 \
\text { Additional investment by H. Mathew on October } 18 & 20,000 \
\text { Net loss for the month (from income statement) } & 2,000 \
\text { Total withdrawals for the month } & 5,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the following information, prepare a statement of owner's equity for the month of October for Mathew's Clinic.
​
 $\begin{array}{lr}
\text { H. Mathew, Capital, on October } 1 & \$ 300,000 \
\text { Additional investment by H. Mathew on October } 18 & 20,000 \
\text { Net loss for the month (from income statement) } & 2,000 \
\text { Total withdrawals for the month } & 5,000
\end{array}$

Using the Following Information, Prepare a Statement of Owner's Equity